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Keywords: Unexpected earnings
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Journal Articles
Psychology and behavioral finance: Anchoring bias by financial analysts on the Tunisian stock market
Journal:
EuroMed Journal of Business
EuroMed Journal of Business (2020) 15 (1): 39–64.
Published: 28 November 2019
.... Findings Non-parametric results show that in the majority of cases, the earning per share variations are followed by unexpected earnings surprises of the same direction, which verify the hypothesis of an anchoring bias of financial analysts to the past benefits. Parametric results confirm these first...
